Transactions: September 2020
A selection of noteworthy deals announced between and March 10 and July 15.
220 E. 42nd St. Image via Google Street View
SALES
| Property | Asset Type | Location | Buyer | Seller | Notes/Arranged By | Value | Date Announced |
| 1375 Broadway | Office | Manhattan | Savanna | Westbrook Partners | Cushman & Wakefield arranged the sale and negotiated the financing. | $435 Million | 10-Jul |
| 1901 Market St. | Office | Philadelphia | Blue Cross Blue Shield | Piedmont Office Realty Trust | CBRE represented the seller in the transaction. | $360 Million | 30-Jun |
| Capital Gallery | Office | Washington, D.C. | The Smithsonian Institution | Boston Properties | Newmark Knight Frank represented the buyer. | $352 Million | 25-Jun |
| 225 W. Wacker Drive | Office | Chicago | Spear Street Capital | Mirae Asset Financial Group | Cushman & Wakefield represented the seller in the transaction. | $210 Million | 15-Jun |
| 50 Veronica Ave. | Industrial | Somerset, N.J. | BentallGreenOak | Crow Holdings | Cushman & Wakefield represented the seller in the transaction. | $164 Million | 17-Jun |
| 123 Townsend St. | Office | San Francisco | CBRE Global Investors | Manchester Capital Management | – | $135 Million | 10-Jul |
FINANCING
| Property | Asset Type | Location | Type of Financing | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
| Mission Bay 3 & 4 | Office | San Francisco | Refinancing & Construction | J.P. Morgan Chase | – | Golden State Warriors | $639 Million | 15-Jul |
| Google Hudson Square – 550 Washington St. | Office | Manhattan | Construction | Wells Fargo Bank | CBRE | Oxford Properties Group | $604.2 Million | 28-May |
| 220 E. 42nd St. | Office | Manhattan | Refinancing | Aareal Bank, Citybank and Credit Agricole Corporate & Investment Bank | – | SL Green Realty | $510 Million | 23-Jun |
| 655 New York Ave. | Office | Washington, D.C. | Refinancing | Credit Agricole Corporate & Investment Bank, Standard Chartered, Helaba and BayernLB | – | Douglas Development | $400 Million | 7-May |
| 498 Seventh Ave. | Office | Manhattan | Refinancing | MetLife Inc. | – | SITQ Immobilier | $465 Million | 10-Mar |
| 1375 Broadway | Office | Manhattan | Acquisition | Deutsche Bank | Cushman & Wakefield | Savanna | $388.5 Million | 10-Jul |
To have your transaction featured, submit details to Jeffrey.Hamann@cpe-mhn.com.
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